Detroit, MI Rental Market Trends
What is the average rent in Detroit?
The average rent for an apartment in Detroit is $1,212. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Detroit, MI
|Average Rent||Average Apartment Size|
|$1,212||798 sq. ft.|
What is the average apartment size in Detroit?
The average size for a Detroit, MI apartment is 798 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Detroit, MI apartment rent ranges
Detroit, MI Occupied Housing Units
129,225 or 52% of the households in Detroit, MI are renter-occupied while 120,871 or 48% are owner-occupied.
Detroit, MI rent trends
Average Rent in Detroit, MI By Neighborhood
|Lower East Central||$1,346|
|Middle East Central||$1,340|
|Butzel - Indian Village||$1,298|
|Jefferson - Mack||$1,228|
|Upper East Central||$1,157|
|Cerveny - Grandmont||$838|
|State Fair - Nolan||$774|
|Vernor - Junction||$626|
What are the most affordable neighborhoods in Detroit?
The most affordable neighborhoods in Detroit are Chadsey, where the average rent goes for $544/month, Condon, where renters pay $544/mo on average, and Tireman, where the average rent goes for $544/mo. If you’re looking for other great deals, check out the listings from Vernor - Junction ($626), Grant ($723), and Mt. Olivet ($723), where the asking prices are below the average Detroit rent of $1,212/mo.
What are the most expensive neighborhoods in Detroit?
What are the most popular neighborhoods in Detroit?
The most popular neighborhood in Detroit is Lower Woodward, where there are 20 listings with an average rent of $1,341. Next up is Downtown Detroit, where apartments go for $1,633/month, followed by Middle Woodward with $1,278 If you’re looking to rent in Detroit’s most popular neighborhoods, make sure to also check out Palmer Park, where renters pay $994 on average, and Vernor - Junction, where the average monthly rent is $626.
Detroit | Rent Comparison by Neighborhood
Rent in Airport is 16% lower than in Bagley
Airport rent is 34% lower than Detroit average
Bagley rent is 22% lower than Detroit average
How Detroit Compares to Other Cities
What is the average price for a storage unit in Detroit?
The average rent for a non-climate-controlled 10'x10' storage unit in Detroit is $180.94. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.